Latin America and the Caribbean: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Latin America and the Caribbean

The Latin American milling industry machinery market dropped modestly to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption recorded a pronounced contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Milling Industry Machinery Production in Latin America and the Caribbean

In value terms, milling industry machinery production reduced dramatically to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Milling Industry Machinery Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of milling industry machinery was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a pronounced contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, milling industry machinery exports surged to $X in 2022. Overall, exports, however, showed a deep downturn. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil was the largest exporting country with an export of about X units, which finished at X% of total exports. Colombia (X units) ranks second in terms of the total exports with a X% share, followed by Ecuador (X%). Argentina (X units) and Trinidad and Tobago (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to milling industry machinery exports from Brazil stood at X%. At the same time, Trinidad and Tobago (X%), Colombia (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Trinidad and Tobago emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia, Brazil, Ecuador and Trinidad and Tobago increased by X, X, X and X percentage points, respectively.

In value terms, Brazil ($X) emerged as the largest milling industry machinery supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Ecuador ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

In Brazil, milling industry machinery exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ecuador (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while Trinidad and Tobago ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (X%), while the other leaders experienced mixed trends in the export price figures.

Milling Industry Machinery Imports

Imports in Latin America and the Caribbean

Milling industry machinery imports soared to X units in 2022, increasing by X% against the year before. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, milling industry machinery imports expanded remarkably to $X in 2022. Overall, imports, however, recorded a deep setback. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X units), distantly followed by Chile (X units), Mexico (X units), Peru (X units) and Bolivia (X units) were the largest importers of milling industry machinery, together making up X% of total imports. Ecuador (X units), the Dominican Republic (X units), Colombia (X units), Argentina (X units) and Guatemala (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Guatemala (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest milling industry machinery importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Ecuador ($X), together accounting for X% of total imports.

In terms of the main importing countries, Ecuador, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2015 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ecuador ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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